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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jhg_in_kc who wrote (60752)	8/25/1998 1:24:00 PM
From: Sig	Respond to of 176387

JHG: Just in from south of the border... biz.yahoo.com Re 1993. Bought my Dell computer 386-SX25 in Price Club in March for $1170 including Tax and color monitor. Within months there were no more in the stores, but I paid no attention to the company at that time. Bought 10 dell shares in July 1993 for $18 ,10 Dell in Nov for $20, 20 Dell in Dec. for $27/sh. Total cost $920.Worth more today(hehe), guess that will soon be 640 shares after splits. Three years later, by 1996 it seemed like Dell was performing a better than HD,BAC,NB, so I moved more into tech stocks like rdrt, wdc, qntm, phg, asmlf which did not do well (overall) and each time they tanked I got some more Dell. So it was not "figuring out" or "planning" to make money in Dell as it always seemed overpriced- mostly I was just forced into buying Dell stock (up to $168/sh)as the best performer. There was nothing real obvious or unique in those days to show that Dell was different, so it always outperformed and surprised the analysts( and still does!) One of the early clues was the first Web sales, which first went from $1mil /day to $3/day in a matter of months. Gradually thread members have zeroed in (very correctly, I think),on management rather than product or field as Dell's big advantage. Since it is difficult to relate stock price to the value of managers ideas, we try to compare Dell to other companies producing a similar product but selling through channels. The result has been to still underate Dell (or did we all 'load up' in Jan at $42 , two splits ago?) The Street may be making a bit better progress in rating Dell now, But I wonder if they have made allowance for the China and Brazil plants??? Progress seems to be accelerating rather than slowing, so I plan to stay on this train a few years longer. Regards Sig